York Timber Holdings (JSE:YRK) ROCE % : 3.62% (As of Dec. 2023)

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What is York Timber Holdings ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. York Timber Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.62%.

York Timber Holdings ROCE % Historical Data

The historical data trend for York Timber Holdings's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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York Timber Holdings ROCE % Chart

York Timber Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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2.27

-5.42

6.07

6.52

-9.85

York Timber Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															5.06	7.22	4.22	-23.51	3.62

York Timber Holdings ROCE % Calculation

York Timber Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-379.584	/	( ( (4386.724 - 411.198)	+	(4240.807 - 512.506) )	/ 2 )
	=	-379.584	/	( (3975.526	+	3728.301)	/ 2 )
	=	-379.584	/	3851.9135
	=	-9.85 %

York Timber Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	134.008	/	( ( (4240.807 - 512.506)	+	(4273.415 - 606.848) )	/ 2 )
	=	134.008	/	( ( 3728.301	+	3666.567 )	/ 2 )
	=	134.008	/	3697.434
	=	3.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

York Timber Holdings (JSE:YRK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

York Timber Holdings ROCE % Related Terms

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York Timber Holdings (JSE:YRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » York Timber Holdings Ltd (JSE:YRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Main Road, York Corporate Office, P.O. Box 1191, Sabie, MP, ZAF, 1260

Website

http://www.york.co.za

York Timber Holdings Ltd is an integrated forestry company. The company's operating segment includes Processing plants; Wholesale, Forestry and Fleet and Agriculture. It generates maximum revenue from the Processing plants segment. The processing plants segment is divided into two divisions namely Sawmilling and Plywood. Geographically, it derives a majority of revenue from South Africa and also has a presence in the Southern Africa Development Community (SADC) and the United Kingdom, Belgium, China, and the United States of America.

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